} 


LIBRARY  OF  THE 

UNIVERSITY  OF  ILLINOIS 

AT  URBANA-CHAMPAIGN 


Gift  of 
Martha  Landis 

.INOIS  HISTORICAL  SURVEY 


Published  by 

C.   C.   Mitchell   &  Co. 

69  W.  Washington  Street 

Chicago 


Copyright,  1920 

C.  C.  Mitchell  &.  Co. 

Chicago 


/-f 


The  New  Chicago 


ONLY  a  few  short  years  ago  it  was  looked  upon  as  a  visionary 
dream — this  Plan  for  a  new,  rebuilt  Chicago.  The  far-sighted 
builders  who  conceived  and  fostered  it  were  laughed  at  for  their 
labors,  and  the  skeptics  shook  their  heads.  The  scheme  was  too 
revolutionary,  too  idealistic,  too  stupendous,  and  impossible  of 
achievement. 

Yet  today  Chicago  is  already  enjoying  many  benefits  which  are 
the  outgrowth  of  this  Plan,  and  the  work  is  far  along  the  road  to 
completion.  The  dreams  of  past  years  are  assuming  actual  form,  and 
Chicago  is  unfolding  with  new  glory  and  new  promise. 

To  tell  of  the  Plan  and  its  progress  and  to  indicate  how  it  affects 
the  future  of  the  world's  third  city,  is  the  main  purpose  of  this 
booklet. 

When  retrospect  tells  us  that  for  many  years  Chicago  was 
mostly  a  series  of  loose-jointed  villages  and  not  a  well  planned  and 
carefully  laid  out  city,  we  can  more  truly  appreciate  the  progress 
made.  Like  Topsy  in  "Uncle  Tom's  Cabin,"  Chicago  just  grew. 

To  build  a  new  lake  front,  to  cut  new  streets  through  solidly 
built-up  sections,  to  straighten  and  widen  streets  into  boulevards, 
to  develop  and  build  new  parks  and  public  buildings,  to  re-route 
the  traffic  of  the  city,  to  rearrange  and  rebuild  its  intricate  system 
of  railroad  trackage  and  terminals,  to  work  improvements  which 
affect  not  only  the  physical  well-being  of  the  city  and  its  people 
but  also  the  moral,  mental,  and  spiritual  characteristics — this,  in 
short,  is  the  Chicago  Plan. 

And  all  this  development  is  going  on  while  Chicago  is  growing 
greater!  The  priceless  assets  Nature  has  given  this  lakeside  city  are 
being  realized  upon  to  the  fullest  extent.  The  lake-shore  development 
now  in  progress,  will  give  Chicago  the  most  beautiful  lake-shore 
park,  and  make  it  the  greatest  inland  seaside  resort  in  the  world.  The 
$15,000,000  Michigan  Boulevard  link  and  the  two-level  bridge  (opened 
to  the  public  May  14,  1920),  the  widening  of  Roosevelt  Road  to  a 
108  foot  boulevard  —  these  units  of  the  Plan  are  already  completed. 

City  appropriations  and  bond  issues  authorized,  together  with 
plans  of  private  corporations,  call  for  improvements  aggregating 
several  hundred  millions,  and  much  of  this  work  is  now  under  way. 

Completion  of  the  entire  project  is  no  longer  uncertain.  So 
much  has  already  been  accomplished  that  the  day  of  realization  is 
not  far  distant.  In  the  broad,  far-sighted  scope  of  this  Plan  of 
Chicago  is  provided  a  foundation  and  nucleus  for  Chicago's  inev- 
itable destiny — the  world's  largest,  and  most  attractive,  healthful  and 
prosperous  city. 


Page  three 


The  "old"  and  the  "new* 


CH  OWING  the 
^  Chicago  River  and 
South  Water  Street. 
State  Street  is  on  the 
left  and  Dearborn 
Street  on  the  right. 
Chicago  was  incorpor- 
ated as  a  city  in  1837. 


( Reproduction  of  drawing, 
by  courtesy  Chicago 
Historical  Society) 


Chicago  in  1837 


>     C*K&*>ff»* 


The  new  two-level  bridge  now  spanning  the  Chicago  River  (opened 
to  public  May  14,  1920),  a  part  of  the  Michigan  Avenue  boulevard  link. 

(Center)  View  showing  proposed  improvements— looking  north  of 
the  South  Branch  of  the  Chicago  River. 

(Jllustrations  by  courtesy  Chicago  Plan  Commission) 


Page  four 


For  future  Olympic  Qames 

"CRECTION  of  this  gigantic  stadium  adjoining  the  new  Field  Museum  is  to 
•L^  be  started  this  year.  The  new  Museum  is  already  completed,  and  appears 
in  the  background. 

The  stadium,  which  will  provide  ample  facilities  for  any  event  the  world  of 
outdoor  sports  may  offer,  will  have  a  permanent  seating  capacity  of  60,000  people, 
and  with  the  addition  of  temporary  seats  when  required,  provision  can  be  made 
for  100,000.  It  will  have  an  arena  1000  feet  long  and  300  feet  wide. 


The  picture  below  shows  South  Water  Street  as  it  will  appear  when  the 
present  produce  market  is  removed  from  the  great  central  district.  Note  the 
wide  two-level  street  (boulevard  on  upper  level,  heavy  traffic  road  on  lower),  and 
the  great  possibilities  for  what  is  the  logical  north  boundary  of  the  Loop  District. 


(Illustrations  by  courtesy  Chicago  Plan  Commission) 


Page  five 


New  Union  Station 


New  Post-Office 


Northwestern  Station 


Transforming  the 
World's  Qreatest 
Railroad  Center 

HOW  some  of  the  prob- 
lems that  grow  out  of 
the  thirty-nine  railways 
which  terminate  in  Chi- 
cago are  being  met  is  indi- 
cated here,  together  with 
an  important  part  of  its 
internal  traffic  system,  the 
new  two-level  Michigan 
Boulevard  bridge.  This 
two-level  bridge,  now  in 
operation,  forms  the  most 
important  connection 
between  the  north  and 
south  sections  of  the  city. 

( Illustrations  by  courtesy 
Chicago  Plan  Commission) 


New  Field  Museum 


New  Illinois  Central  Terminal 


Page  six 


Chicago,  the  Qreat  Central  Market — 

fifty  million  people  within  a  night's  ride 

NEARLY  half  the  population  of  the  United  States  lives  so  near 
to  Chicago  that  they  can  reach  the  city  in  a  night's  ride.  This 
single  fact  is  a  most  striking  commentary  on  Chicago's  future.  For 
the  middle  west,  long  noted  as  the  richest  agricultural  district 
in  the  world,  is  also  rapidly  becoming  the  greatest  industrial  terri- 
tory. And  as  the  Central  West  grows  and  develops,  Chicago,  its 
natural  center,  is  destined  to  become  the  leading  city  of  the  world. 

The  network  of  railroads  which  bind  the  Central  West  to 
Chicago,  the  largest  railroad  center  and  terminal  in  the  world,  has 
been  considered  in  the  plans  for  the  new  city,  and  changes  of  vast 
proportion  are  being  made.  The  new  Union  Station,  shown  on 
the  opposite  page,  is  now  under  construction. 

Another  great  factor  in  Chicago's  connection  with  the  Central 
territory  will  be  the  new  post-office,  shown  on  the  left  page. 
Its  strategic  position  between  the  two  terminals,  and  its  size  (once 
more  the  "biggest  in  the  world"),  will  constitute  an  important  tie 
between  the  city  and  its  tributary  fifty  million. 

Two  billion  pieces  of  mail  are  handled  annually  by  the  Chicago 
post-office,  and  the  receipts  are  greater  than  those  of  any  other  post- 
office  in  the  world.  The  parcel-post  business  exceeds  that  of  any 
other  five  cities  in  the  United  States. 

(Statistics  by  courtesy  of  the  Chicago  Association  of  Commerce) 


Page  seven 


The  stability  and  growth  of  Chicago 


( Illustration  by  courtesy 
Chicago  Plan  Commission) 


"THE  Continental  and  Commercial 
•I  Bank  Building  in  Chicago's  financial 
district  is  twenty-one  stories  in  height, 
with  a  total  floor  area  of  25.5  acres.  There 
are  two  thousand  offices,  three  and  one- 
half  miles  of  corridors  and  twenty-four 
elevators.  One  hundred  fifty  thousand 
people  enter  this  building  during  a  busi- 
ness day,  and  the  elevators  carry  sixty 
thousand  persons  daily. 

The  lower  picture  shows  new  Roose- 
velt Road,  one  of  the  principal  east  and 
west  thoroughfares  joining  Michigan 
Avenue  and  the  Lake  front  with  the 
West  side.  At  an  expense  of  five  million 
dollars,  buildings  were  raised  and  moved 
back  and  a  splendid  thoroughfare,  wid- 
ened to  108  feet,  developed  from  the  old, 
narrow,  and  cluttered  Twelfth  Street. 


Page  eight 


Two 

Michigan  Avenue 
Office  Buildings 

and  the 
Hotel  La  Salle 

"~T  HE  Peoples  Gas  Build- 
ing is  shown  directly 
opposite,  with  the  lions  of 
the  Art  Institute  in  the 
foreground. 

Directly  below  is  the 
Michigan  Boulevard 
Building.  A  part  of  the 
Chicago  Public  Library 
shows  at  the  right  of  it. 

In  the  lower  left  corner 
is  the  Hotel  La  Salle,  one 
of  America's  finest  hotels. 


Page  nine 


A  section  of  the  World's  Busiest  Retail  Shopping  District 


The  upper  picture  shows,  from  left  to  right,  the  Columbus  Memorial  Building,  Chas.  A. 
Stevens  &  Bros.,  Mandel  Bros.,  and  Carson  Pirie  Scott  &  Co.  The  lower  picture  shows  the 
building  of  Marshall  Field  fit  Co.,  with  their  Annex  or  Men's  Store  in  the  background  on  the  right. 
Chicago  is  proud  of  her  recognized  "largest  and  finest  retail  department  store  in  the  world." 


:>::;:::^H^^: 

Cl:  <;     ^ -I"-*?     — 1TH-11    i44  rT   "^  ^' '-• i  r^  ^  :      -.- "  -1  <T  '"^  UUur  W:-'  <•' 

\'-^:"  ESBr^tiiiiil 


Page  ten 


Home  of 

C.  C.  Mitchell 

&Co. 

The  Chicago 
Title  &  Trust  . 
Building,  69  West 
Washington  Street 

The  little'  picture  in 
the  lower  right  corner 
shows  the  lower  floors 
more  clearly,  the  third 
of  which  has  been 
occupied  by  C.  C. 
Mitchell  &  Co.  dur- 
ing a  large  part  of  the 
twenty-six  years  they 
have  been  in  business. 

The  first  and  second 
floors  are  occupied  by 
the  Chicago  Title  and 
Trust  Company,  which 
acts  as  trustee  on  all 
issues  of  Mitchell- 
Safeguarded  First 
Mortgage  Real  Estate 
Bonds.  This  building 
is  in  the  heart  of  Chi- 
cago's business  district, 
less  than  two  blocks 
from  State  Street,  and 
within  easy  access  of 
the  best  hotels  and 
theaters. 


Page  eleven 


till! 
••••I 
••••I 
••Hi 


Chicago's  " finest  street  in  the  world" — Michigt 


N  Michigan  Avenue,  the  pride  of  Chicago,  and  the  admiration  of  all  who  visit 
the  city,  are  some  of  Chicago's  finest  hotels,  office  buildings  and  shops.  From 
these  upper  windows  a  clear  and  unobstructed  view  may  be  had  of  Lake  Michigan. 
It  is  this  thoroughfare  which  unites  the  beautiful  North  Shore  with  the  South  Side. 
Note  the  Blackstone  Hotel  in  the  left  foreground,  and  the  Art  Institute  in  the  right 


Page  twelve 


t 


Avenue  looking  north  from  East  Seventh  Street 

background.  East  of  Michigan  Avenue  and  extending  to  the  lake  is  Grant  Park, 
which  provides  a  front-door  playground  for  the  many  workers  in  the  down-town 
business  district.  With  the  plans  for  enlarging  and  beautifying  completed,  and  the 
outer  drives  opened  to  the  public,  this  lake-shore  park  will  furnish  mid-day  recreation 
for  more  people  than  any  similar  park  in  the  world. 


Page  thirteen 


In  the  outlying  districts 


The  Kedvale  Apartments, 
4025-4041  North  Kedvale 
Avenue,  Chicago  (above), 
and  The  Pantheon  Building, 
4624-4642  Sheridan  Road,  in 
the  "Wilson  Avenue  Dis- 
trict" (below). 

Walks  and  flower  beds  in 
Garfield  Park  (center). 


The  Pantheon  Building,  in  addition  to  stores  and  offices,  contains  one  of  the  largest 
and  finest  motion  picture  theaters  in  America.  These  properties  secure  First  Mortgage 
Bond  issues  underwritten  by  C.  C.  Mitchell  &L  Co.,  and  depict  two  types  of  buildings 
which  conform  with  the  standards  of  Mitchell  Safeguards. 


Page  fourteen 


The  Cambridge 
Apartments,  near 
Lincoln  Park.  A 
representative 
apartment  hotel 
building.  Con- 
sidered by  C.  C. 
Mitchell  &.  Co.  an 
excellent  class  of 
security  for  a  First 
Mortgage  Bond 
issue  —  amount 
$165,000. 


Chrysanthemum 
show  at  Garfield 
Park  Conservatory, 
the  largest  in  the 
world. 


Page  fifteen 


The  modern  two-room  apartment 


An  interesting 
study  of  a  typical 
two-room  apartment 

P  HE  illustrations  on 
these    pages    show 
the  accommodations  of 
the  modern  two- room 
apartment — such   as  is 
found  in  many  of  the 
Chicago    apartment    buildings    on 
which  C.  C.  Mitchell  &.  Co.  under- 
write   First    Mortgage    Real    Estate 
Bond  issues. 

The  upper  illustration  shows  the 
spacious  living  room  as  a  sleeping 
chamber, with  in-a-dorbed  extended. 
Just  below  is  the  same  room  with  bed 
concealed.  When  not  in  use  this  bed 
is  raised  to  a  vertical  position  and 
swung  into  a  closet. 

That  it  might beshown  completely, 
the  dining-kitchen  was  photographed 
in  two  sections,  and  one  is  repro- 


Page  sixteen 


— the  result  of  long  years  of  development 


duced  on  each  page — 
on  the  left,  the  part  used 
as  the  dining  room;  on 
the  right  (center),  a 
completely  equipped 
kitchen.  Note  the 
many  conveniences 
and  the  efficiency  of 
this  room. 


In  the  sun-parlor  shown  at  top  one 
cannot  fail  to  be  impressed  with  the 
atmosphere  of  comfort  and  coziness 
which  prevails. 


A  compact  bathroom,  always  ready 
for  the  "morning  shower." 


Page  seventeen 


In  Chicago's  fashionable  "Qold  Coast"  district 


*~PHE  Wilton  Apartments,  on  the  southwest  corner  of  Seneca  Street  and 
Walton  Place,  suggest  another  type  of  security  which  is  unqualifiedly 
approved  by  Mitchell  Safeguards. 

This  is  an  exceptionally  high-grade  apartment  building  providing  resi- 
dential quarters  with  the  utmost  in  convenience,  elegance  and  refinement. 
Seven  stories  in  height,  it  contains  six  ten-room  apartments  with  four 
baths  each,  the  lower  floor  being  devoted  to  reception  hall,  large  ball- 
room, etc. 

The  location  of  this  property  is  unrivaled  as  a  place  of  residence.  It 
is  situated  in  the  fashionable  Lake  Shore  Drive  residential  district,  directly 
in  the  path  of  the  breezes  from  the  lake  to  the  north  and  the  east,  and 
is  surrounded  by  homes  of  wealth  and  social  leadership.  First  Mortgage 
Bonds  issued,  $120,000. 


Page  eighteen 


Beauty  spots  throughout  Chicago 


A  Garden  Scene  in  Wash- 
ington Park,  Chicago. 


One  of  the  many  pretty 
spots  in  Chicago's  Forest 
Preserve.  Thousands  of 
acres  of  this  permanent  For- 
est Preserve  surround  Chi- 
cago. The  onward  march  of 
industry  must  never  entirely 
crush  Nature's  most  wonder- 
ful handiwork. 


The  Drexel  Square  Apartments  (shown  in  foreground),  near 
Washington  Park,  typify  another  style  of  apartment  building 
approved  by  Mitchell  Safeguards.  First  Mortgage  Serial  Bonds 
issued,  $175,000. 


Page  nineteen 


One  o/  Chicago's  popular  bathing  beaches 

"PHE  Clarendon  Avenue  Bathing  Beach  on  the  North 
J.  Shore  is  only  one  of  many  which  have  been  pro- 
vided for  the  comfort  and  recreation  of  this  lakeside 
city's  people.  There's  always  a  cooling  breeze  and  a 
refreshing  dip  available  for  those  who  seek  it.  No  city 
in  the  world  has  finer  or  more  convenient  bathing 
facilities  than  Chicago,  and  the  priceless  asset  Nature 
has  given  in  Lake  Michigan  is  never  overlooked. 


The  American  Mer- 
chant's Syndicate 
Building,  just  off  the 
new  Michigan  Boule- 
vard link,  representa- 
tive of  the  mercantile 
type  of  building  which 
meets  the  requirements 
of  Mitchell  Safeguards. 
First  Mortgage  Serial 
Bonds  issued,  $150,000. 


Page  twenty 


Two  representative  types  of  buildings  meeting  requirements 
of  Mitchell  Safeguards 


The  Davis  Block  and  Oak 
Court  Apartments,  Evans- 
ton,  Illinois  (above);  typical 
of  the  combination  store, 
office  and  apartment  build- 
ing, an  excellent  type  of  se- 
curity; total  bond  issue, 
$140,000. 

The  Birchwood  Beach 
Court  Apartments,  1357- 
1367  Greenleaf  Avenue,  just 
off  Sheridan  Road  (center); 
the  efficient  court  structure. 
Security  for  $225,000  First 
Mortgage  6%  Bonds. 


A  garden  square  in  Lincoln  Park 


Page  twenty-one 


Chicago  is  constant^  building 


The  new  home  of  the 
John  Crerar  Library 

THIS  photograph, 
taken  in  early  May, 
1920,  shows  the  John 
Crerar  Library  Build- 
ing under  construction, 
on  the  corner  of 
Michigan  Boulevard 
and  Randolph  Street. 
This  is  one  of  the  largest 
scientific  libraries  in  the 
world.  In  this  new 
home,  which  is  just 
north  of  the  Chicago 
Public  Library,  it  will 
be  greater  than  ever. 

Continuous  building 
in  the  down-town  busi- 
ness section  fails  to 
keep  pace  with  the 
rapid  growth  of 
Chicago. 


The  Hotel  Sherman,  now 
one  of  Chicago's  leading 
hotels — showing  the  addi- 
tions which  are  planned 
and  on  which  work  has 
already  been  started.  It 
has  accommodations  for 
the  inhabitants  of  a  fair- 
sized  town. 


Page  twenty-two 


The  Colonnade  in  Grant  Park,  and  Michigan  Avenue  buildings, 
showing  the  old  Montgomery  Ward  &  Co.  tower. 


Page  twenty-three 


[TOR  more  than  a  quarter  of  a  century  £.  C.  Mitchell  &L  Co.  has 
L  been  identified  with  the  development  and  progress  of  this  great 
metropolis  of  the  Central  West. 

This  organization  has  furnished  many  millions  of  dollars  for 
the  upbuilding  and  improvement  of  industrial  sites,  office  buildings, 
business  blocks,  mercantile  structures,  hotels,  apartment  buildings 
and  homes  for  the  ever-increasing  populace. 

But  even  greater  than  the  monetary  consideration  for  construc- 
tion purposes  has  been  the  very  definite  service  which  C.  C.  Mitchell 
&.  Co.  has  rendered  to  thousands  of  investors  throughout  the 
United  States.  In  Mitchell-Safeguarded  6%  First  Mortgage  Serial 
Bonds  the  small  investor — as  well  as  the  large — is  given  opportunity 
to  invest  his  savings  with  absolute  safety,  and  still  secure  the  better 
rate  of  interest. 

Mitchell-Safeguarded  Bonds  bring  to  each  investor  the  qualities 
of  the  oldest  safe  investment — the  first  mortgage — with  the  added 
advantage  of  modern  safeguards.  Tried  and  tested  almost  from  the 
beginning  of  time,  the  first  mortgage  has  proved  its  soundness  and 
intrinsic  value.  And  from  this  investment  of  proven  dependability, 
the  first  mortgage  serial  bond  has  developed  as  the  most  efficient 
and  economical  form  of  issue. 

Mitchell-Safeguarded  Bonds  with  interest  coupons  attached 
are  issued  in  amounts  of  $1000,  $500  and  $100.  Through  serial 
maturities,  part  of  each  issue  of  bonds  is  paid  off  each  year,  gradu- 
ally and  regularly  reducing  the  amount  of  the  loan.  Thus,  for 
whatever  period  of  time  an  investor  wishes  to  invest  his  savings, 
there  is  a  Mitchell-Safeguarded  Bond  to  fill  that  particular  need. 

Every  bond  is  equally  secured,  as  the  original  mortgage  on  the 
entire  property  stands  in  full  force  until  each  bondholder  receives 
every  dollar  of  interest  due  and  each  bond  is  fully  redeemed  in 
cash.  Only  the  choicest  improved  and  income-producing  properties 
meet  the  requirements  of  Mitchell  Safeguards. 

The  investor's  funds  are  not  "tied  up"  when  invested  in  Mitchell- 
Safeguarded  Bonds,  due  to  our  established  practice  of  repurchasing 
bonds  where  an  investor  finds  need  of  his  savings  before  the  ma- 
turity of  his  investment. 

Mitchell-Safeguarded  Bonds  are  always  worth  what  you  pay 
for  them,  for  they  do  not  fluctuate  in  value  in  sympathy  with  a 
lowering  market  trend  when  times  are  unsettled  and  uncertain. 

They  are  easy  to  buy,  convenient  to  own  and  an  investment  of 
real  satisfaction. 

cc.Mitchell&co. 

69  West  Washington  Street 
CHICAGO 


Page  twenty-four 


Munroe  &  South-worth 

Produc«r»  of  Better  Printing 

Chicago 


